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CUNA's Donovan Talks Tax Reform Rumors In The Hill
WASHINGTON (11/20/13)--Rumors continue to swirl as the Credit Union National Association and others await the release of congressional tax reform plans. The Hill this week noted that House Ways and Means Committee Chairman Rep. Dave Camp (R-Mich.) has closely guarded details of the plans, with CUNA Senior Vice President of Legislative Affairs Ryan Donovan saying "even if someone told us what's in it, I'm not sure we'd have a lot of confidence in that until we saw it on paper."

Donovan said he wishes he knew what Camp's committee was planning.

"But even if I thought I knew, I'm not sure how much confidence you should have in it, because we've seen nothing," he said in The Hill. Retailer groups and other business interests are also working to obtain details, but said they have not had success.

Lobbying groups across Washington are also waiting and watching, with many saying they have not seen a legislator so successfully shield his secrets. The respect for Camp within his own committee is one factor helping his efforts, the story said.

Avoiding leaks, Donovan said, is vital, since the stakes of tax reform are so high. Others said Congress would not want to be seen as picking winners and losers in the tax fight.

Camp, according to The Hill, has said the tax reform debate may continue into early next year.

As budget and tax talks continue, CUNA is urging credit unions and their members to use social media sites including Facebook, micro-video site Vine and other outlets to tell their legislators, "Don't Tax My Credit Union!"

Credit union and member tax advocacy efforts have remained strong. Almost 1.2 million separate congressional contacts have been made since mid-May to support credit unions in the tax talks.

For more on the Don't Tax my Credit Union efforts, use the resource link.


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